Hi All,

Just goes to show that you must check out your team before you engage them. I guess that there will allways be some horrors in all professions.

I have had two bad experiences with solicitors in Brisbane.could it be the hot climate up there!!!!

hrm

Hi

This is slightly off the track. I bought a franchise business 9 years ago.I did my due dillagance and was prepared to pay the asking price.

I sought advice from an accountant recommended by a friend.The accountant convinced me that I would be paying a bit too much ($25K) and he also pointed out some industry insights that I would have learned over many years.

See a good accountant and they should be able to advise on price and the risks,and perhaps finance, good luck.

hrm

Hi All,

For those who have been investing this way could you give some idea on how many weeks per year you collect rent (Uni students have many weeks off per year) and how do you manage this.

Thanks

hrm

Hi,

I would go the the local council and find out their requirements. If it all seem too difficult then employ someone.

hrm

Kermit,

I did exactly what u are suggesting for my son and he got the FHOG.

Suggest u contact the FHOG office in your state

hrm

Great to see young folks wanting to learn how to get ahead financially.

My advice is:

Now that u have a full time job, save save save. U should be used to this having been a student for a few years.

Deposit your savings into a high yielding account.

Work out how long it will take to save the deposit required (possibly $20K _$30K for a entry level house.

Learn as much as possible about property investing.

Finish reading Rich Dad poor Dad, and read property investing books, or anything to increase your investing knowledge.

Buy a property using the FHOG.

hrm

Hi Marty,

I would ring a few agents and enquire on rentals.
This will give you some idea on the no. of properties available, rents, how the PM treats their tennants etc.

Also, do a search on the various web sites for rentals in the area.

In regards to sacking your PM, I think u can do this at any time, but check with the NSW real estate assoc.

If things are tough then perhaps u could offer something for free (weeks rent, white goods, carport, $ for a garden, etc.)

Please keep us informed of your progress, and good luck.

hrm

Use a colour consultant from one of the big suppliers i.e. Bristol in Melbourne (cost $75 plus discount off the paints)

hrm

Hi

I have several loans with Westpac and I have been with them for many years. I have a manager at Professional and EXecutive. When I have a deal I give him a call to get an indication.very quick. Also I have managed to get loans for my son who no douct would not have been given a loan due to his financial situation (at uni). Most loans are crossed cat.but this does not botter me, it means more docs to sign every time I need a loan.

Also, I am a westpac shareholder. Discount of point six percent of all loans plus some reduction of other fees.

Idon/t work for Westpac.

hrm

Hi,

Have a look at Tell Tale under Forum Boards.

hrm